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Board approves rebalancing of U.S. equity allocation; Vanguard Russell 1000 replacing total market fund
Summary
The St. Mary's County Sheriff's Office Retirement Plan board approved a rebalancing that moves $38.5 million into a Vanguard Russell 1000 index fund, fully liquidates the Vanguard Total Stock Market holding and William Blair small‑cap allocation, and adds a Vanguard small‑cap value index allocation; the vote was unanimous.
The St. Mary's County Sheriff's Office Retirement Plan board voted on June 26, 2025, to implement a multi-part rebalancing of its U.S. equity sleeve designed to reduce small‑cap exposure and increase mid‑cap weighting.
The board approved a motion to liquidate the Vanguard Total Stock Market index fund and invest $38.5 million in the Vanguard Russell 1000 index fund. The rebalancing package also moves roughly $8.5 million into the Vanguard Equity Income fund (previously discussed in April), fully liquidates the Vanguard Value Index fund, directs $200,000 to Virtus Cain &…
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